US consumers added $23.3 billion to borrowing in July, the largest monthly increase since November 2017, according to the Federal Reserve. The biggest factor was credit card borrowing, which increased $10 billion.

The US banking sector reported $62.6 billion in profits during the second quarter of 2019, an increase of 4.1% from 2018 and a new record, according to numbers released from the Federal Deposit Insurance Corp. Bad debts also increased with banks writing off $12.8 billion more than a year ago.

Some consumers are still not taking precautions to protect themselves from identity theft, according to a CompareCards survey. Only 9% of consumers say they have frozen their credit, and many haven't reviewed their credit reports.

Regulations that require banks to have a stress leverage buffer and prepay a year's worth of dividends should be removed, Randal Quarles, head of supervision at the Federal Reserve, said in prepared remarks. Quarles is proposing other options, one that would require banks to keep more capital during economic downturns and another that would raise the amount of minimum capital a bank needs after annual stress tests.

The "Volfefe Index" created by JPMorgan Chase will measure the effect of President Donald Trump's tweets on the financial market, particularly interest rates. "This makes rough sense as much of the president's tweets have been focused on the Federal Reserve, and as trade tensions are broadly seen as, first and foremost, impactful on near-term economic performance and, likewise, the Fed's reaction to such developments," JPMorgan officials said in a report.

While the health care landscape looks different around the world, every organization faces consistent challenges: rising health care costs for individuals and employers as well as ever-increasing chronic health conditions. Business leaders must balance controlling costs and encouraging their workforce to live healthier lives. Read more.

As we enter the peak of the 2019 Atlantic Basin hurricane season, a significant number of large-scale natural catastrophes affecting businesses, governments and populations have already transpired globally, recently including Hurricane Dorian. Aon's Be Prepared site is a resource-rich repository of pre- and post-loss materials to help build a more loss-resilient organization. Learn more.

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.